The State of Real Money Internet Gaming in NV

Posted on by & filed under Nevada by the Numbers Blog.

Which NV casino companies are sitting out real money Internet gambling for the time being and which are forging ahead? A few highlights from Howard Stutz’s story in the RJ yesterday:

  • MGM Resorts is taking a “wait-and-see approach” when it comes to real money Internet gaming. MGM’s internet presence is devoted to a free-to-play casino site that allows customers of its M Life loyalty program to earn rewards, which can then be redeemed at MGM properties.
  • Caesars Interactive Entertainment is the leading social gaming provider. In the quarter that ended March 31, Caesars’ total (Nevada and New Jersey) social gaming revenue was $115.7 million.
  • PlayStudios of Burlingame, Calif., a company founded by former Wynn Las Vegas President Andrew Pascal, has revenue of $11.6 million in the first quarter, eighth out of the top 10 social gaming companies.
  • Nevada, which has three poker-only websites, reported less than $1 million in monthly real money online gaming revenue in both February and March.
  • New Jersey, which offers full-scale online gaming through sites operated by six Atlantic City casinos, experienced its first monthly decline in April. For the first four months of the year, online gaming has produced $43 million in New Jersey, far below most projections.